RVOL Color-Coded Volume

2月21日

RVOL Color-Coded Volume Indicator

This tool visualizes volume intensity through color-coded bars in a separate panel, making it easy to identify significant market moves driven by unusual volume.

Key Features:
- Displays volume bars with varying colors and intensities based on RVOL (Relative Volume)
- Shows a customizable moving average line for volume reference
- Includes alert conditions for different RVOL thresholds

Color System:
Blue shades (Bullish):
- Light: Normal volume (RVOL < 1)
- Medium: Above average volume
- Dark: Heavy buying volume
- Solid: Extreme volume surge

Pink shades (Bearish):
- Light: Normal volume (RVOL < 1)
- Medium: Increased selling
- Dark: Heavy selling
- Solid: Extreme selling pressure

Gray shades (Neutral):
- Used when opening and closing prices are equal
- Intensity varies with RVOL level

Additional Features:
- Dotted threshold lines for easy reference
- Background highlighting for extreme volume events
- Data window shows exact RVOL values
- Multiple alert conditions for volume thresholds

The indicator helps traders spot potential trend changes and momentum shifts by highlighting unusual volume patterns without interfering with price analysis.

昨天

版本注释

This indicator is a high-performance volume tool designed to highlight Smart Money participation. By using Relative Volume (RVOL), it separates significant trading anomalies from market "noise."

[h3]Key Features[/h3]

• Institutional Filtering: Low-volume bars are grayed out to help you ignore sideways price action and focus on high-conviction moves.
  
• Visual Intensity Scaling: Four levels of color-coded transparency instantly show the strength of a move (Moderate, High, and Extreme spikes).
  
• White-Theme Optimized: Uses a high-contrast Crimson and Emerald palette tailored specifically for light-mode charts.
  
• Clean Y-Axis Scaling: Automatically abbreviates large volume numbers (e.g., 1.4M instead of 1,400,000) for a professional UI.
  

[h3]How to Use[/h3]

• Breakouts: Look for solid, bright green bars to confirm institutional buying.
  
• Exhaustion: Extreme red bars often mark a selling climax or a potential trend reversal.
  
• Pullbacks: Faded gray bars during a price dip suggest a healthy trend with low selling pressure.
  

[h3]Settings[/h3]

• RVOL Lookback: Adjust the moving average period used to calculate "normal" volume.
  
• Thresholds: Fully customizable levels for Watch, Trade, and Anomaly volume spikes.
  
• MA Toggle: Show or hide the Volume Moving Average line for trend context.